Baron Growth Fund Closes to New Investors.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 9, 2003 Baron baron Title of nobility, ranking in modern times immediately below a viscount or a count (in countries without viscounts). The wife of a baron is a baroness. Originally, in the early Middle Ages, the term designated a tenant of whatever rank who held a tenure of barony Funds announced today that Baron Growth Fund (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BGRFX) will close to new investors effective at 4:00 pm (ET) on Friday, September 12, 2003. The Fund will remain open to new investments from its current shareholders, from financial advisors with existing clients in the Fund, and from clients of retirement plan providers or 529 plan providers. The closing does not affect other Baron Funds. "We're taking this step to preserve the advisor's ability to effectively manage the Fund and to maintain its focus on small companies with significant growth opportunities," said Morty Schaja, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Baron Funds. "While the Fund's asset flows have been manageable to date, we believe it's in the best interests of shareholders to limit the Fund's growth in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. given the strong demand we are experiencing at this time from investors." About Baron Funds and Baron Capital Group Baron Funds include five no-load mutual funds No-load mutual fund An open-end investment company whose shares are sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. A true no-load fund has neither a sales charge nor a distribution fee. : Baron Asset Fund, Baron Growth Fund, Baron Small-Cap Fund, Baron iOpportunity Fund and Baron Partners Fund. More information about Baron Funds is available by calling (800) 99-BARON or by visiting www.baronfunds.com. The advisor to Baron Funds is BAMCO, a unit of Baron Capital Group, which manages more than $6.5 billion for institutional and individual investors. |
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